Home2 Suites by Hilton is an all-suite extended-stay hotel featuring contemporary accommodations and customizable guest room design. It competes with TownePlace Suites by Marriott and InterContinental Hotels Group's Candlewood Suites. The Memphis, Tennessee-based hotel brand targets both business and leisure travelers. Launched in January 2009, Home2 Suites by Hilton was the first new brand introduced by Hilton Worldwide in 20 years. As of December 31, 2018, it has 290 properties with 30,125 rooms, including two that are managed with 198 rooms and 288 that are franchised with 29,927 rooms.